4 Reasons For Big Moves In Currencies This Week

The Canadian and Australian sold off slightly while the New Zealand dollar was unchanged. Much of these moves had to do with the rise in the U.S. dollar but in Canada’s case, the loonie was also sold after Quebec halted the use of AstraZeneca's vaccine on people under 55. Prince Edward Island stopped the use of the shot for those aged 18 to 29. There’s been a lot of skepticism around Astrazeneca and news like this will increase vaccine hesitancy in Canada and abroad. The ship lodged in the Suez canal is finally free and while oil prices initially fell on the news, they recovered to end the day higher.

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